Kuwait 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$111.05 billion
↓ 21.16% vs 2019GDP per Capita
$25,236.08
↓ 20.41% vs 2019GDP Growth (Annual %)
-4.82%
↓ 7.08pp vs 2019Inflation Rate (CPI %)
2.10%
↑ 1.01pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $140.86 billion | $111.05 billion | -21.16% |
| GDP per Capita | $31,707.87 | $25,236.08 | -20.41% |
| GDP Growth (Annual %) | 2.26% | -4.82% | -7.08pp |
| Inflation (CPI %) | 1.09% | 2.10% | +1.01pp |
| Unemployment Rate (%) | 2.25% | 3.56% | +1.31pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $111.05 billion
- GDP per Capita
- $25,236.08
- GDP Growth (Annual %)
- -4.82%
- Gross National Income
- $127.41 billion
Prices & Employment
- Inflation (CPI %)
- 2.10%
- Inflation (GDP Deflator %)
- -16.46%
- Unemployment Rate (%)
- 3.56%
- Interest Rate (Real %)
- 24.66%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 19.84%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Kuwait's Gross Domestic Product (GDP) is $111.05 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Kuwait for 2020 is $25,236.08. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Kuwait for 2020 is 2.10%. This measures the annual percentage change in the cost of consumer goods and services.
Kuwait's annual GDP growth rate for 2020 is -4.82%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Kuwait for 2020 is 3.56%. This represents the percentage of the labor force that is unemployed and actively seeking employment.